Microlending is the practice of granting small loans to entrepreneurs. In many countries, somebody can start a thriving business with a few hundred dollars. In the USA, microlending has had less success. Businesses typically need loans that are larger than a few hundred dollars. In addition, borrowers tend to be more delinquent (they pay late) than in other countries. If you want to make a difference, find a good microlender. If you can really devote some time, work on improving microlending in the USA.
Comments
No comments yet. Leave a Comment

